Accelerating Global Energy Storage Solutions through Battery Securitization Financing
Singapore – noco-noco Pte Ltd ("noco-noco"), a fully owned subsidiary of Nasdaq-listed noco-noco Inc. (Nasdaq: NCNC), has recently entered into a Memorandum of Understanding (MOU) with Japan-based 3DOM Alliance Inc. ("3DOM") and Tesnology Inc. ("Tesnology"). This agreement is aimed at securing a non-exclusive license for battery securitization systems and the related intellectual property (IP) developed by both 3DOM and Tesnology. This collaboration represents a significant step forward in noco-noco’s mission to integrate battery technology into the infrastructure of the Asia Pacific region.
Japan, an island nation with limited connections to neighboring countries, faces considerable challenges in managing power volatility within its grid systems. Battery energy storage plays a crucial role in overcoming these challenges by allowing electricity to be stored during periods of low demand and utilized during peak demand. The country's ongoing commitment to renewable energy and its carbon neutrality goals are driving rapid advancements in the battery energy storage system (BESS) market. The Japanese government aims to increase the share of renewable energy in its electricity generation mix to between 36% and 38% by 2030, ultimately striving for carbon neutrality by 2050. This shift presents significant revenue opportunities compared to traditional fossil fuels such as LNG, coal, and oil, which currently dominate the energy sector.
3DOM and Tesnology are leading the way in developing IP related to the securitization and trading of battery assets in Japan. They are creating specialized platforms designed to monetize these energy storage assets throughout their entire lifecycle, from production and asset securitization to commercialization, decommissioning, and recycling. Their innovative “green financing model” is set to greatly accelerate the deployment of battery energy storage systems, which, despite being in the early stages of development, are expected to meet Japan's projected need for approximately 10GW of energy storage capacity by 2030.
noco-noco is dedicated to advancing battery technologies, including the X-SEPA™ separator, which aims to make high-performance batteries accessible as social infrastructure for all. The company understands that introducing numerous long-lasting, environmentally friendly batteries to the market is vital for achieving this vision. By combining noco-noco's proprietary battery technology with the BESS securitization IP from 3DOM and Tesnology, noco-noco intends to create synergies that will enhance the deployment of BESS throughout the Asia Pacific. The initial focus will be on stationary battery systems to address the necessary demand and supply adjustments due to the increasing influx of unstable power sources in Japan.
Additionally, noco-noco has established a Memorandum of Understanding (MOU) with Singapore-based B2G Energies Pte Ltd to work together on deploying, constructing, and executing renewable energy initiatives, including energy storage systems across the Asia Pacific region, excluding Japan. B2G Energies is recognized as a leading renewable energy company in Singapore, specializing in Energy Storage Systems and Energy System Integration, and is committed to providing sustainable solutions that significantly reduce carbon emissions and facilitate a transition to clean energy sources.
"We are excited to introduce this battery securitization technology throughout the Asia Pacific in partnership with B2G Energies to build the energy storage capacity necessary for advancing the region’s clean energy transition towards a low-carbon and sustainable future," stated Masataka Matsumura, CEO & Director of noco-noco Inc.
Garry Tay, CEO & Director of B2G Energies, added, “We are delighted to collaborate with noco-noco on this transformative energy transition journey. There is tremendous potential for deploying battery energy storage systems in the Asia Pacific, especially as we anticipate variable renewable generation to increase by over 47% in the coming years. By leveraging our expertise in energy storage systems and energy integration, we aim to provide effective solutions that boost renewable energy adoption across the region.”
About noco-noco:
noco-noco Inc. (Nasdaq NCNC) is a technology solutions provider dedicated to accelerating the global transition to a decarbonized economy. Building on innovations like the X-SEPA™ — a revolutionary battery separator technology developed in Japan known for its durability and heat resistance — noco-noco seeks to meet the growing demand for clean, affordable, and sustainable energy storage options.
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investor@noco-noco.com
Frequently Asked Questions
1. What is the purpose of the MOU signed by noco-noco?
The MOU aims to secure a non-exclusive license for battery securitization systems and intellectual property developed by 3DOM and Tesnology, as part of noco-noco’s efforts to integrate battery technology into societal infrastructure across Asia Pacific.
2. How does battery energy storage benefit Japan's energy management?
Battery energy storage enables Japan to balance power volatility by storing electricity during low demand and releasing it during peak demand, which is crucial for managing its grid networks effectively.
3. What is the significance of the green financing model discussed in the article?
The green financing model developed by 3DOM and Tesnology aims to monetize energy storage assets throughout their lifecycle, which will help drive the growth of battery energy storage systems in Japan, addressing an anticipated shortfall in storage capacity.
4. What are the main goals of noco-noco as a company?
noco-noco aims to make high-performance batteries widely accessible as social infrastructure and promote the adoption of clean, sustainable energy solutions through innovative technologies like the X-SEPA™ separator.
5. Who are noco-noco's partners in the renewable energy projects?
noco-noco partners with B2G Energies Pte Ltd to collaborate on deploying renewable energy projects and energy storage systems throughout the Asia Pacific region, focusing on sustainable energy solutions.
